Your Home Loan Toolkit

CFPB Issues Mortgage Toolkit

As part of their obligations under the Real Estate Settlement Procedures Act (RESPA) and the Dodd-Frank Wall Street Reform and Consumer Protection Act the Consumer Financial Protection Bureau (CFPB) issued an updated "Special Information Booklet" which is now known as the "Your Home Loan Toolkit." The toolkit attempts to modernize and simplify the information presented to consumers and is designed to work better with the new forms and processes under RESPA/TILA harmonization that go into effect on August 1, 2015.